Oil Exploration & Petroleum Refining

New Upstream & Refining Solutions

CWC Gulf is providing clients with new solutions for concession acquisition, project viability, finance, risk and a well co-ordinated development strategy, both commercial and political. CWC Gulf have worked with some of the most well established names in the oil and gas industry.

Refined Petrochemicals

We are working with a number of refineries and petrochemical plants and have built strong relationship over many years. Typical products produced are Gas oil D2, Mazut, Bitumen, Urea, DAP, Amonia, heavy fuel oils and CNG (Compressed Natural Gas)

Enhanced Recovery

Enhanced recovery (EOR) techniques consist of a complex interaction of injected agents with the existing reservoir fluids in a constantly changing well environment. Success is to ensure the proper chemical interaction and subsequent flow conformance of the EOR sweep front to recovery more oil, more quickly. The right parametric decisions regarding a chosen EOR technique, whilst considering constantly changing economic conditions, compound these complex operations.

Upstream Services Provided

We provide the expertise for Exploration and Development Geology / Geophysics including:-

Drilling and completion supervision and provision of technical advice to achieve
economical and satisfactory progress.

Well-site operation supervision.

Coordination and preparation of drilling and completion procedures for vertical and horizontal wells.

Market Outlook

It is projected that demand for oil will increase by around 0.8% each year to 2035. The rising demand comes entirely from the non-OECD countries; oil consumption within the OECD peaked in 2005 and by 2035 is expected to have fallen to levels not seen since 1986. By 2035 China is likely to have overtaken the US as the largest single consumer of oil globally. The current weakness in the oil market, which stems in large part from strong growth in tight oil production in the US, is likely to take several years to work through. In 2014, tight oil production drove US oil output higher by 1.5 million barrels a day – the largest single-year rise in US history. But further out, the growth in tight oil is likely to slow and Middle East production will gain ground once more. By the 2030s the US is likely to have become self-sufficient in oil, after having imported 60% of its total demand as recently as 2005.

The shale gas market also continued to grow strongly, with US production accounting for nearly 80% of the total increase in global gas supplies in 2014. Over the past 10 years, US shale gas has accounted for roughly half of the increase in global supplies of natural gas

The upstream energy market is facing difficult times. Reserves are becoming more difficult to locate and more expensive to develop. As a result, oil and gas companies have placed more emphasis on managing assets and streamlining business processes to maximize profitability. Smaller E&P companies have built businesses by developing and operating marginal fields which are un-economic to the majors and by utilizing enhanced recovery techniques. Production and operations managers, as well as engineers and geologists require constant access to comprehensive and accurate oil and gas well information, performance constraints, benchmarks and service providers in order to reduce costs and increase production uptime. Oil and gas executives also need access to real time asset performance information and benchmarking indicators in order to optimize portfolios through asset management and divestment decision data.bean.

Oil prices continued to drop throughout 2015. In less than a year, upstream oil and gas companies suffered a 50 percent drop in revenue which has resulted in major lay-offs. However in 2016 we see positive developments that could help the industry evolve to a better equilibrium. The ending of sanctions on Iran has brought a major player back into the market and in the short term assisting in keeping crude oil prices lower whilst Saudi Arabia in maintaining its output is arguably intentionally placing enormous strain on the shale producers.

IRAN NIOC – Post Sanctions

Most of Iran’s forecast production growth comes from Iran’s crude oil production capacity prior to the lifting of sanctions in 2016, while the remainder comes from newly developed fields. Iran has a number of new oil fields that Iranian and Chinese companies have developed over recent years, which have the potential to add up to 200,000 bpd of crude oil production capacity by 2017.

Iran’s non-crude liquids production is expected to grow by 150,000 b/d by the end of 2016 and by an additional 100,000 b/d by the end of 2017, as more project phases at the South Pars natural gas field come online. More than 80% of Iran’s condensate production comes from the South Pars field located offshore in the Persian Gulf, which is Iran’s largest non associated gas field. Lack of foreign investment and insufficient financing, as a result of sanctions, have slowed the development of South Pars. However, some progress has been made in recent years, and sanctions relief is expected to quicken the pace of development of its remaining phases over the next decade.

With Iran’s petroleum and other liquid fuels consumption expected to remain static over the next two years, crude oil and other liquid fuels from the production increase is likely to be sold in export markets. The pace that Iran will ramp up its exports now that sanctions are lifted is uncertain. Iran has a considerable amount of oil stored offshore in tankers (between 30 and 50 million barrels), most of which is condensate, and crude oil stored at onshore facilities. Initial post-sanction increases in Iranian exports will most likely come from storage, while meaningful production increases will occur after some of the storage is cleared